Susser Petroleum Partners LP Announces Quarterly Dividend of $0.49 (SUSP)
Susser Petroleum Partners LP (NASDAQ:SUSP) announced a quarterly dividend on Wednesday, January 29th, Stock Ratings Network reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.4851 per share on Friday, February 28th. This represents a $1.94 annualized dividend and a dividend yield of 5.78%.
A number of research firms have recently commented on SUSP. Analysts at Robert W. Baird upgraded shares of Susser Petroleum Partners LP from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 15th. They now have a $38.00 price target on the stock, up previously from $36.00. On a related note, analysts at Ladenburg Thalmann initiated coverage on shares of Susser Petroleum Partners LP in a research note to investors on Tuesday, December 3rd. They set a “buy” rating and a $37.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at RBC Capital raised their price target on shares of Susser Petroleum Partners LP from $35.00 to $36.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.84.
Susser Petroleum Partners LP (NASDAQ:SUSP) traded down 1.00% on Wednesday, hitting $33.56. The stock had a trading volume of 12,300 shares. Susser Petroleum Partners LP has a 52 week low of $25.85 and a 52 week high of $36.66. The stock’s 50-day moving average is $33.40 and its 200-day moving average is $31.55. The company has a market cap of $736.7 million and a P/E ratio of 20.58.
Susser Petroleum Partners LP (NASDAQ:SUSP) last released its earnings data on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.04. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Susser Petroleum Partners LP will post $1.72 EPS for the current fiscal year.
Susser Petroleum Partners LP is primarily engaged in fee-based wholesale distribution of motor fuels to Susser Holdings Corporation (NASDAQ:SUSP) and third parties.
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